Date: 1915
Source: Lenin Collection, vol. 27
Pages: 137-140

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[WALDECKER'S ARTICLE IN CONRAD'S "JAHRBÜCHER" ON A. N. ZAK'S BOOK "GERMANS AND GERMAN CAPITAL IN RUSSIAN INDUSTRY"]

*Jahrbücher* (Conrad's) für Nationalökonomie etc.
III. Bd. 49 (1915.1), p. 351.

A brief article (in *Miszellen*) by Waldecker on the Russian book by A. N. Zak: "Germans and German Capital in Russian Industry" (St. Petersburg, 1914) — (Zak = director of the central bank of mutual credit societies).

Sum of joint-stock capital in Russia:

|  | Russian | Foreign | Total |
|---|---|---|---|
| 1903 | 41.7 million rubles | + 16.8 | = 58.5 |
| 1904 | 92.6 | 26.7 | 119.3 |
| 1905 (declining) | 64.3 | 8.0 | 72.3 |
| 1910 | 190.5 | 33.7 | 224.2 |
| 1912 | 371.0 | 30.5 | 401.5 |
|  |  |  |  |
| Number of Russian societies | 1,237 | Capital = 410.3 ("operating" in Russia) |
| Foreign societies | 196 |  |

The main directorates of these societies are located in:

Germany — 24 societies
Sweden — 3 "
England — 33 "
Holland — 2 "
Belgium — 70 "
France — 48 "
Switzerland — 6 "
Italy — 1 "
Austria — 3 "
Turkey — 1 "
United States — 6 "

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[WALDECKER'S ARTICLE IN CONRAD'S "JAHRBÜCHER" ON A. N. ZAK'S BOOK "GERMANS AND GERMAN CAPITAL IN RUSSIAN INDUSTRY"]

*Jahrbücher* (Conrad's) für Nationalökonomie etc.
III series, vol. 49 (1915.1), p. 351.

A brief article (in *Miszellen*) by Waldecker on the Russian book by A. N. Zak: "Germans and German Capital in Russian Industry" (St. Petersburg, 1914) — (Zak = director of the central bank of mutual credit societies).

Sum of joint-stock capital in Russia:

|  | Russian | Foreign | Total |
|---|---|---|---|
| 1903 | 41.7 million rubles | + 16.8 | = 58.5 |
| 1904 | — 92.5 | 26.7 | 119.3 |
| 1905 (declining) | 64.3 | 8.0 | 72.3 |
| 1910 | 190.5 | 33.7 | 224.2 |
| 1912 | 371.0 | 30.5 | 401.5 |
|  |  |  |  |
| Number of Russian societies | 1,237 | Capital = 410.3 ("operating" in Russia) |
| Foreign societies | 196 |  |

The main directorates of these societies are located in:

Germany — 24 societies
Switzerland — 6 "
Sweden — 3 "
Italy — 1 "
England — 33 "
Austria — 3 "
Holland — 2 "
Turkey — 1 "
Belgium — 70 "
United States — 6 "
France — 48 "

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Industries of manufacture:

|  | Its capital | Its profit |
|---|---|---|
|  | million rubles |  |
| 1) Metallurgical | 20 (1912) | 5.5 |
| 2) Machine-building | 11.5 |  |
| 3) Mechanical | 33.5 |  |
| 4) Soda | 1/2 of all capital |  |
| 5) Electrical | 50 |  |
| 6) Electrotechnical | 57 |  |
| 7) Illuminating gas | 12.5 | = 71.8% of all capital; |
|  |  | + 12.8% French |
|  |  | + 7.4% Belgian |
|  |  | + 8.2% Russian |
| 8) Kerosene (German Bank) | 20 |  |
| 9) Textile | (34—50% in Moscow gubernia and Baltic gubernias) |  |

The author provides no total sum.